Transactions

Overview

Newstrike Resources Ltd. (TSX-V:HIP) completed a bought deal public offering of an aggregate of 69,000,000 units for gross proceeds of $51,750,000, including the full exercise of the over-allotment option granted by the company to the underwriters. The offering was completed by a syndicate of underwriters co-led by Cormark Securities Inc. and INFOR Financial Inc., and including Haywood Securities Inc. and Eight Capital.

Newstrike is the parent company of Up Cannabis Inc., a licensed producer of cannabis in Canada. Newstrike, through Up Cannabis and together with select strategic partners, including Canada’s iconic musicians The Tragically Hip, is developing a diverse network of high quality cannabis brands.